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2:40 PM ET, July 30, 2011

memeorandum

 Top Items: 
The Hill:
Reid alters debt plan to win GOP support  —  Senate Majority Leader Harry Reid (D-Nev.) has revised his plan to raise the debt limit in a last-ditch bid to attract Republican support.  —  The biggest change is that Reid would give the president almost unilateral power to raise the debt limit …
RELATED:
Bob Cusack / The Hill:
Days after lauding McConnell, Democratic leaders rip him  —  Four days after publicly praising Senate Republican Leader Mitch McConnell (Ky.), Senate Democratic leaders are now ripping him.  —  The Democrats' comments about McConnell at an impromptu press conference late Friday night signaled …
Discussion: The Caucus and Connecting.the.Dots
Jamie Klatell / The Hill:
Kyl: Dems using debt debate for ‘much broader tax increases’  —  Republicans have tried to work with Democrats to solve the debt crisis, but “behind the scenes” Democrats insisted on hug tax increases, Sen. Jon Kyl (R-Ariz) said Saturday.  —  “Unfortunately, after weeks of negotiations …
Discussion: CNN, Hullabaloo and Hot Air
Rosalind S. Helderman / Washington Post:
Senate headed for critical debt vote Sunday  —  The Senate is driving toward a climactic and dramatic vote at 1 a.m. Sunday that could determine whether a bipartisan deal to raise the nation's legal borrowing limit is possible or a government default is likely.
Brian Beutler / TPMDC:
Reid Aims For GOP Support By Adopting McConnell Debt Limit Plan Fallback Plan  —  The Senate adjourned late Friday night without an agreed-upon framework for raising the debt limit.  Shortly before this, a source passed to TPM a blueprint of what Democrats hope will be the way out of this imbroglio.
Josiah Ryan / The Hill:
Forty-three GOP senators pledge opposition to Reid debt-ceiling plan  —  Forty-three GOP senators on Saturday signed a letter addressed to Senate Majority Leader Harry Reid (D-Nev.) expressing opposition to his debt-ceiling legislation currently being considered in the upper chamber.
Stephen Dinan / Washington Times:
Democrats enforce filibuster against their own debt bill  —  Senate Republicans want a 60-vote threshold for a debt-limit bill to pass the chamber, but it's actually Democrats who are enforcing the filibuster on their own legislation, insisting on delaying a vote until 1 a.m. Sunday morning.
Ezra Klein / Washington Post:
The trigger that could lead to a debt deal  —  It's all going to come down to the trigger.  —  Look closely at the Reid and Boehner bills.  The first round of cuts are pretty much the same.  The joint congressional committee charged with recommending further deficit reduction is pretty much the same.
Alexander Bolton / The Hill:
Intense talks under way between Senate Dems, GOP on debt deal
John Hinderaker / Power Line:
Over to You, Harry  —  Thankfully, the House passed Boehner 3 tonight, 218-210.
Discussion: Viking Pundit and The Hill
Mj Lee / The Politico:
Obama demands plan by Tuesday  —  Just days ahead of the Aug. 2 debt ceiling deadline and as partisan rankling continued on Capitol Hill, President Barack Obama urged Congress to show him a plan that would divert the country from national default by Tuesday.
RELATED:
The White House:
WEEKLY ADDRESS: Acting Responsibly on Behalf of the American People
Bloomberg:
Congress Deadlocked on Plan to Avert Default
Discussion: The Atlanta Post
Gautham Nagesh / The Hill:
Obama: House Republicans wasted ‘precious days’ with Boehner plan
Discussion: The Hill
Paul Krugman:
The Corrosion of the Conservative Economic Mind  —  First Michael Boskin, now John Taylor: there seems be an epidemic of politically conservative economists who used to be technically competent repeating the obviously wrong falsehood that Reagan ushered in an era of “unprecedented” growth.
Pete Kasperowicz / The Hill:
Boehner: ‘I stuck my neck out a mile’ for debt-ceiling deal with White House  —  A defiant House Speaker John Boehner (R-Ohio) late Friday defended his debt-ceiling plan by saying it is the only viable plan on paper so far.  —  The Speaker said he'd risked political capital and stuck his neck …
RELATED:
CNN:
Huntsman makes his pitch to college students
Discussion: The Politico and The Note
Paul Krugman:
The Truth About Federal Spending  —  Whenever someone like me or Bruce Bartlett points out how little Obama resembles the right's portrait of a raging leftist, someone is sure to come back with the assertion that Obama has presided over a vast expansion of federal spending.
Victor Davis Hanson / National Review:
Behind the D.C. Slugfest  —  About 50 percent of taxpayers don't pay federal income taxes.  Almost half of American adults receive either the majority of or all of their income in some form from government.  They are naturally desirous of even more entitlements, in the sense that even higher taxes …
Discussion: Pundit & Pundette
Noel Sheppard / NewsBusters.org:
Charles Krauthammer Scolds Margaret Carlson for Saying Tea Party ‘Strapped Explosives to the Capitol’  —  Bloomberg's Margaret Carlson on Friday accused the Tea Party of wanting “to burn the place down” and having figuratively “strapped explosives to the Capitol” during debt ceiling negotiations.
Discussion: Don Surber and The Gateway Pundit
 
 
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 More Items: 
Jeffrey Rosen / The New Republic:
How Would the Supreme Court Rule on Obama Raising the Debt Ceiling Himself?
Discussion: The Volokh Conspiracy
Felix Salmon:
How insurance improves living standards
Discussion: Paul Krugman
The Politico:
Washington's warring weekend: Dueling votes, parties and loyalties
Discussion: John Boehner
esa.doc.gov:
Economic Indicators: 2011 Q2 GDP and Annual Revisions
Discussion: ThinkProgress
Steven Hayward / Power Line:
After the Crash? Or Before the Deluge?
Neel Kashkari / Washington Post:
Could a U.S. debt downgrade trigger a financial crisis?
Discussion: Politics
 Earlier Items: 
Molly Ball / The Politico:
Jesse Jackson: Obama should have been tougher
Discussion: Weasel Zippers
Anthony Shadid / New York Times:
Islamists Flood Square in Cairo in Show of Strength
Robinson / nation.foxnews.com:
New York Times Downplays Muslim Fort Hood Terror Plotter
Little Green Footballs:
Pamela Geller Edits Post to Conceal Violent Rhetoric in ‘Email from Norway’
Discussion: Atlas Shrugs and American Power
Alexander Burns / The Politico:
Laura Ingraham pushes back on Sarah Palin primary threat
Discussion: Hot Air and GOP 12
Matt Lewis / The Daily Caller:
According to official letters obtained by The Daily Caller …
 

 
From Mediagazer:

Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20

Manish Singh / TechCrunch:
Indian streaming service JioCinema launches an ad-free subscription plan with the lowest tier costing $0.35/month for a single device, undercutting rivals

Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024

 
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